Genius Group executes buyback of 1M shares

Genius Group (GNS) announced that the Company bought back one million shares of its stock on the open market at an average price of $0.90 per share, in the period from August 28 to September 11. The buyback is the third buyback the Company has executed further to receiving shareholder and board approval for a share buyback of up to 20% of the Company’s issued ordinary shares in July 2025. The Company has now repurchased three million shares representing 21% of the permitted shares to be repurchased based on the approved share buy back mandate. The repurchased shares have been returned to the Company’s treasury. In executing the buy back, the Company and the Company’s broker followed the guidelines in Rule 10b-18 and Rule 10b-5 under the Securities Exchange Act of 1934, as amended, to ensure compliance and a non-exclusive safe harbor in relation to the repurchase of its shares. Further to the increase in the share price and market capitalization of the Company, the Company’s Board has approved the issuance of restricted shares to the Company’s CEO, Roger Hamilton, for reaching the first milestone of $100 million market capitalization, in accordance with the previously approved founder compensation plan. The new issuance is subject to SLAP approval by NYSE. The milestone is the first of ten milestones up to $1 billion market capitalization, with all ten milestones targeted to be achieved by 2030 as per the founder compensation plan Further to the Board approval for the issuance of 7.1 million restricted shares to the CEO, equivalent to 5% of the Company’s issued share capital related to achieving the first milestone, an additional 4.2 million restricted shares to the CEO related to the closing of the Entrepreneur Resorts Ltd Asset Purchase Agreement and Mr. Hamilton’s previously announced purchase of 650,000 shares on the open market, Mr. Hamilton currently holds 12.7 million Ordinary A shares and 6 million Ordinary C shares of the Company. Mr. Hamilton has expressed to the Company his intention to purchase further shares of the Company on the open market once the Company’s 2025 H1 financial results are announced and the current blackout period has ended. The Company anticipates the release of its 2025 H1 financial results within the next two weeks. As a result of the Company’s recent actions and the participation of shareholders in utilising the Direct Registration System to move their shares from their broker account to the Company’s transfer agent, Vstock Transfer, once Vstock has accounted for the recent actions in the coming week, 60.3% of the Company’s issued, ordinary shares will be held in book entry at vStock with 39.7% remaining in broker accounts.